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Toy Mogul Wang Ning Loses Almost $3 Billion As Shares Of Labubu Maker Pop Mart Drop On Overseas Slowdown
- On Wednesday, Pop Mart International Group shares plunged 22.5% to HK$168.30, marking their biggest drop since April 2025, as investor concerns over Labubu reliance overshadowed record 2025 earnings.
- Heavy reliance on The Monsters IP family, which includes Labubu and contributed 38% of 2025 revenue, has fueled investor fears that momentum for these collectibles is beginning to fade.
- Morningstar analyst Jeff Zhang cited a material fourth-quarter slowdown and missed consensus estimates, while a dividend payout ratio fell to 25% in 2025 from 35% in 2024, compounding investor concerns.
- CEO Wang Ning sought to calm markets during an earnings call, stating that "Pop Mart has more than just Labubu" and likening expectations to a "rookie racing driver suddenly thrown onto an F1 circuit."
- Executives plan to debut home appliances next month and open a Beijing theme park expansion this summer, targeting revenue growth of no less than 20% in 2026 amid continued overseas expansion.
43 Articles
43 Articles
Pop Mart stock plunges 20% after earnings miss | Honolulu Star-Advertiser
BEIJING >> Shares of Pop Mart International Group, the Hong Kong-listed maker of collectible “blind box” toys — including the viral, toothy-grinned Labubu — experienced their biggest drop in nearly a year on Wednesday after the company reported 2025 earnings.
The shares of Pop Mart International Group, the manufacturer of toys collectible in "surprise boxes" listed on the Hong Kong stock exchange – among which is the viral Labubu, with its wide smile – plummeted this Wednesday after the company published its 2025 results, Reuters reported. Beijing-based company said its revenue of 2025 increased by 185% compared to the previous year, reaching 37 billion yuan (5 billion $380 million).
Pop Mart shares sink despite revenue surge; analysts say Labubu reliance is worrying
Labubu doll maker Pop Mart’s shares have plunged nearly 23% despite robust revenue, with analysts pointing to investor concerns over the company’s ability to grow beyond its heavy reliance on Labubu-related income
Associated Press News
Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors
Labubu doll maker Pop Mart’s shares have plunged nearly 23% despite robust revenue, with analysts pointing to investor concerns over the company’s ability to grow beyond its heavy reliance on Labubu-related income.
The plush animals are highly sought after worldwide. This is why the company Pop Mart was able to increase its profits last year. Nevertheless, the share is now temporarily falling by more than 20 percent.
El Paso Inc.
Labubu maker Pop Mart's shares fall 23% despite surging earnings
Chinese toymaker Pop Mart's shares tumbled more than 20 percent on Wednesday, despite strong annual earnings, as investors fretted over a perceived over-dependence on its wildly popular Labubu dolls.
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